Patrick lives in the Kitale area of Kenya, which is an area with high poultry production and consumption. He has seven children and has been doing this work for 10 years. His primary income sources are milk, crops, and personal business.
He stated what is most enjoyable about farming: 'Feeding dairy cows to improve their productivity!' His biggest challenge is 'High cost of animal feeds and diseases..' Animals on the farm have been given the names of 'Lelmet'. He says he will use the loan requested, amounting to 41,600 from Juhudi Kilimo, to buy and insure a dairy cow.
Patrick was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Because I am a farmer and Juhudi Kilimo offers loans to small-scale farmers to boost their farming activities.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Micro finance is short-term loans given to people who do small-scale farming and businesses.'
Patrick's highest monthly expense is school fees. When asked 'How will this loan benefit your family?', Patrick replied, 'My children will go to school due to the money from selling milk.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Patrick owns the following: 'cow, bicycle' but does not own 'pig, poultry, pump, motorcycle, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net' but does not have 'electricity, solar power, running water, sewing machine, TV, DVD'.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and send the data to a central online repository, thus reducing paper use, making the process more efficient, and keeping costs down.
To facilitate a partnership between Kiva and Juhudi Kilimo, K-Rep Group (Juhudi Kilimo’s 100% owner) has guaranteed Kiva funds in the event of institutional default. Lenders should be aware that the risk of borrower default remains borne by the lender.
About Juhudi Kilimo:
Juhudi Kilimo is a for-profit social enterprise working with small-holder farmers in Kenya to finance purchases of dairy cows, chickens, agricultural equipment, and other assets that create immediate cash flow. Many of the assets are insured to prevent devastating business losses, and targeted technical assistance is provided to farmers, from agricultural training to basic book keeping and local market research.